Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Vipshop Holdings Limited (NYSE:VIPS) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $18.3250.

VIPS has been the subject of a number of research reports. Citigroup boosted their price target on Vipshop from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, August 15th. Zacks Research lowered Vipshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Bank of America dropped their target price on shares of Vipshop from $17.80 to $17.30 and set a “buy” rating for the company in a research report on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Vipshop in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Vipshop from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Vipshop Stock Down 1.1%

Shares of NYSE VIPS opened at $19.63 on Thursday. The stock has a market capitalization of $10.07 billion, a PE ratio of 10.67, a P/E/G ratio of 2.11 and a beta of 0.83. The firm has a fifty day moving average of $18.72 and a 200-day moving average of $16.44. Vipshop has a 52-week low of $12.14 and a 52-week high of $21.08.

Institutional Trading of Vipshop

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in shares of Vipshop by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 560,933 shares of the technology company’s stock worth $8,795,000 after purchasing an additional 22,204 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Vipshop by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,510 shares of the technology company’s stock valued at $682,000 after buying an additional 2,126 shares during the period. Cerity Partners LLC lifted its position in Vipshop by 30.1% during the 1st quarter. Cerity Partners LLC now owns 74,033 shares of the technology company’s stock worth $1,161,000 after acquiring an additional 17,127 shares in the last quarter. Ballentine Partners LLC purchased a new position in Vipshop in the 1st quarter worth approximately $163,000. Finally, New York State Common Retirement Fund grew its position in Vipshop by 37.2% in the first quarter. New York State Common Retirement Fund now owns 1,388,505 shares of the technology company’s stock valued at $21,772,000 after acquiring an additional 376,371 shares in the last quarter. 48.82% of the stock is currently owned by institutional investors and hedge funds.

About Vipshop

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.